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GTA Real Estate Insider: Daily Brief!"Empowering Your Real Estate Journey: Expert Reports & Irresistible Listings!"Welcome to "GTA Real Estate Insider: Daily Brief!" Our daily newsletter is your key to unlocking insider insights, trends, and developments in the Greater Toronto Area real estate market. We understand that being in the know is essential, so our brief delivers the most relevant and impactful information directly to your inbox. Whether you're a buyer, seller, investor, or industry professional, our curated content covers a wide range of topics, including market updates, new listings, investment opportunities, and expert analysis. Gain the inside edge and make informed decisions with our daily brief. Subscribe now to "GTA Real Estate Insider: Daily Brief" and stay ahead in the dynamic GTA real estate scene. Yes, there are several common misconceptions and myths about home inspections in Toronto, as well as in other real estate markets. It's important to be aware of these myths to make informed decisions during the home buying process. Here are some of the most prevalent ones: Myth: New Homes Don't Need Inspections: Many buyers mistakenly believe that new construction homes are flawless and don't require inspections. In reality, even new homes can have construction defects, code violations, or incomplete work that an inspection can uncover. Myth: Home Inspectors Will Find Everything: While home inspectors are thorough, they may not discover hidden or latent defects. They can only report on what is visible and accessible at the time of the inspection. Myth: Home Inspections Are Pass/Fail: Home inspections are not pass or fail assessments. They provide information about the condition of the property, allowing buyers to make informed decisions. Buyers and sellers can negotiate repairs or adjust the sale price based on inspection findings. Myth: Inspections Are Only for Older Homes: Even newly constructed or recently renovated homes should be inspected. Construction errors, code violations, or issues with recent renovations can still occur. Myth: Home Appraisals Replace Inspections: An appraisal is not a substitute for a home inspection. While appraisals determine the property's value, inspections focus on its condition and potential issues. Myth: Inspectors Offer Repairs or Fixes: Home inspectors are not contractors and do not perform repairs. They provide information to help buyers and sellers make decisions. If repairs are needed, buyers may hire specialists or contractors for further assessments. Myth: Inspections Are Expensive: While inspections have a cost, they are a valuable investment in protecting your financial interests. The cost of an inspection is small compared to the potential expenses of buying a property with undisclosed issues. Myth: Inspections Are Quick: A thorough home inspection can take several hours. Buyers should be prepared to spend the necessary time at the property during the inspection. Myth: Inspections Are Only for Buyers: Sellers can also benefit from pre-listing inspections. Identifying and addressing issues before listing can make a property more attractive to buyers and reduce negotiation surprises. Myth: Inspections Are Only for Single-Family Homes: Inspections are relevant for all types of properties, including condos, townhouses, and multi-unit buildings. Myth: Home Inspectors Set Repair Costs: Home inspectors provide information about issues, but they do not estimate repair costs. Buyers may need to seek quotes from contractors for repair estimates.
It's important to hire a qualified and experienced home inspector who follows recognized industry standards. Additionally, communication between buyers and sellers regarding inspection findings is key to reaching fair agreements during the home buying process.
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A Toronto home under construction collapsed onto a neighbouring house on Monday night, making for a shocking scene on a quiet residential street in...
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Two realtors assess the state of some indicators of bull markets gone by, from bidding wars to home inspections
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Royal LePage executive shares the reasons, responsibilities, and benefits of buying a home with others
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Canadians are increasingly turning to co-ownership with family and non-relatives to counter affordability challenges, reveals a Royal LePage report
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The 4,000-square-foot property also comes with recessed ceilings, a midnight-blue kitchen and a serpentine staircase
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While normally we'd say it's unrealistic for a home to look like it's off a movie set, 521 Spadina Rd. might be the exception. The four-bedroom, si...
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Despite facing mortgage payment increases of roughly 10% to 20%, BMO says the majority of its mortgage clients are having no issues with their renewals.
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Canadian real estate affordability data paints a dreary future for young adults. BMO’s latest look at affordability reveals it hasn’t been this hard to buy a home since the late-80s bubble. The brief period of rising interest rates didn’t help, but there’s a bigger issue. Interest rates are the highest since 2001, but since then […]
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Earnings season from Canada's biggest banks show stretched amortizations persist among lenders' mortgage books. Here's what to know if your mortgage is up for renewal.
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Are you and your partner dual income earners finding yourselves in debt with the rising cost of living? Find out how to manage debt while saving for retirement.
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The aggressive pace of interest-rate hikes is hitting mortgage books at Canada’s biggest banks, leading to slowing loan growth, longer amortization periods and a rise in impairments.
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A report released Wednesday by the online rental company Rentals.ca paints a bleak picture of Victoria's rental housing market.
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Despite Canada's economy outperforming expectations over the last few quarters, signs are starting to suggest a slowdown is on the horizon, according to a report from Desjardins.
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A new report by Rentals.ca, which looks at new units coming to market, shows Halifax has seen another jump in rental prices.
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When Anyssa Dumeah moved into her new home, knew there would be no appliances in her community housing rental. What she didn't know is that it would take her nearly two weeks to secure a fridge and stove, cost hundreds of dollars and delay her daughters' from moving in.
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District representative says 10% of Cortes Island residents are living in unstable housing
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After a four-month struggle to evict a tenant, Kerri Stephens believes she will have no choice but to sell her house once she spends thousands to repair the damage. The first-time landlord is warning...
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B.C. rent gets even more expensive than Ontario when lower air conditioning rates factored in
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Despite falling home prices in some markets, mortgage qualifications have pushed up the income required to borrow.
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Sky-high mortgage rates and home prices could make first-time real estate investors’ introduction to the market more challenging than usual. Clay Jarvis writes for NerdWallet Canada. Email: cjarvis@nerdwallet.com The post 3 Ways To Secure A Mortgage For Your First Investment Property appeared first on NerdWallet Canada.
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Editor's Note"Welcome to my Newsletter Page! I am a professional Real Estate Agent in Toronto GTA with an Architectural background from India. With a unique combination of design and real estate knowledge, I am dedicated to helping clients find their dream home. My expertise in both fields allows me to understand the potential of a property and how to best showcase it to potential buyers. I am committed to providing excellent service and going above and beyond for my clients. Let me help you navigate the real estate market and find your perfect property in the Greater Toronto Area & Surroundings. Contact me today!"
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